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Detterbeck Wealth Management

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Client assets under management

$279,209,017

Clients

165

55% high-net worth

Advisors

3

of 6 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

55

Typical

Average account size

$1,692,176

About

Detterbeck Wealth Management is an SEC-registered wealth manager that serves individuals (including high-net-worth clients), plan participants, trusts, estates and business entities. The firm offers investment management and financial planning services, with a Total Wealth Management program for clients with portfolios generally above $1,000,000 and standalone special-project business consulting engagements.

The firm’s investment process follows a Core & Satellite approach that uses low-cost passive mutual funds and ETFs for core equity and fixed-income exposure and a satellite sleeve of liquid alternatives to seek non-correlated returns; portfolio management emphasizes regular rebalancing, tactical style weighting, and daily monitoring. Financial planning follows a CFP six-step process and the firm describes using an in-house quantitative research process to screen funds for its Liquid Alternatives model.

Noteworthy distinctions disclosed in the brochure include that a principal of the firm is a Certified Public Accountant who holds an ownership stake in an accounting firm, and the brochure acknowledges the potential conflict of interest if clients are referred for CPA services. The firm also discloses the use of client testimonials in advertising (an uncommon practice among similar supported firms) and recently revised its client programs—ending an Emerging Investor offering and setting a $1,000,000 minimum for its Total Wealth Management service.

Client services

Financial planning Portfolio management

Expertise

Passive / index investing Private / alternative investments Retirement plans for business owners (SEP, solo 401k) General estate planning guidance Cash flow / budgeting

Occupation focus

Founder/Business Owner Retired

Fee options

Fixed

Fixed fees from $3,000 to $10,000 for one-time financial planning services

Percentage

$1,000,000 - $1,999,999: 1.00% $2,000,000 - $2,999,999: 0.90% $3,000,000 - $3,999,999: 0.80% $4,000,000 - $4,999,999: 0.70% $5,000,000+: Negotiable

Project-based

$200 to $500 per hour

Other

Account minimum: $1,000,000 Fee-only: Annual retainer fee $3,000 to $10,000 (billed monthly or semi-annually); Hourly fee $200 to $500; Fixed fees $3,000 to $10,000 for one-time planning services

Main office location

Detterbeck Wealth Management

110 N. Brockway, Suite 330

Palatine IL 60067, United States

Number of offices

2

Most active in

Florida · Illinois · Louisiana · New Hampshire · North Carolina · South Carolina

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Parker R

CFP®

Mt. Pleasant, SC

Detterbeck Wealth Management

Parker Ring is a CFP® professional at Detterbeck Wealth Management with four years of experience at the firm. His prior work includes roles at MLR Design, LLC and Clemson University. Detterbeck Wealth Management is a small SEC-registered firm managing approximately $252 million and serves individuals, trusts, estates, and business entities. The firm employs a Core & Satellite investment approach combining low-cost passive core allocations with actively managed satellite exposures and offers a range of services including discretionary investment management, comprehensive financial planning, and specialized projects such as business valuation and succession planning.

Passive / index investing Private / alternative investments Retirement plans for business owners (SEP, solo 401k) General estate planning guidance Cash flow / budgeting Founder/Business Owner Retired
user avatar

Lester D

CFP®, CFA®, Series 63, Series 66

Mt. Pleasant, SC

Detterbeck Wealth Management

Lester Detterbeck III is a CFP® and CFA® with 26 years of industry experience. He has been with Detterbeck Wealth Management since 1999 and is also chairman of the accounting firm Detterbeck, Johnson & Monsen, a role he has held since 1976. Detterbeck Wealth Management is a small SEC-registered firm based in Mt. Pleasant, SC, managing approximately $252 million. The firm serves individuals, trusts, estates, and business entities, offering discretionary investment management and comprehensive financial planning with a Core & Satellite investment approach that combines low-cost passive allocations and actively managed satellite exposures.

Passive / index investing Private / alternative investments Retirement plans for business owners (SEP, solo 401k) General estate planning guidance Cash flow / budgeting Founder/Business Owner Retired
user avatar

Brett D

CFP®, CFA®, Series 66

Palatine, IL

Detterbeck Wealth Management

Brett Detterbeck is a CFP®, CFA®, and Series 66-registered advisor with 24 years of industry experience. He has been with Detterbeck Wealth Management since 2000, where he is part of a three-advisor team based in Palatine, IL. Detterbeck Wealth Management is a small SEC-registered firm managing approximately $252 million for individuals, trusts, estates, and business entities. The firm employs a Core & Satellite investment approach combining low-cost passive core allocations with actively managed satellite exposures and offers discretionary investment management alongside comprehensive financial planning services.

Passive / index investing Private / alternative investments Retirement plans for business owners (SEP, solo 401k) General estate planning guidance Cash flow / budgeting Founder/Business Owner Retired
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